Dr. Kim Anderson Says this has been a Good Week For Higher Grain PricesThu, 29 Apr 2021 15:11:45 CDT
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson talks about what is going on in the Wheat Markets weekly on SUNUP.
This week Dr. Anderson says grain prices just keep going up, "You look at the last week you've had wheat prices go up about 75 cents. Cash Oklahoma prices from around $6.25t to almost $7. Corn prices from about $5.20 to $5.50, somewhere in the vicinity. The sorghum from $6.00 to $6.30, Soybeans from $12.40 to $12.75. Cotton from $84.41 to $87.02, all the commodities are just going up big time"
Anderson said there is some rumblings in the market that prices are as high as they should be, "You know that's what the analysts are saying, 'how high can these prices go?' and some of them say that if you look at the supply and demand situation, they're as high as they should be. But when the market gets moving, when the momentum gets there, you just don't know how high they're going. Plus, there's a lot of a lot of things going on in the market right now." To hear more from Dr. Kim Anderson, click or tap below.
This week on SUNUP, Alex Rocateli shows us the progress of his research into planting wheat into bermudagrass.
- Then, in the Mesonet weather report, Wes Lee looks at the areas of the state that benefited the most from this past week's rain. Gary McManus says drought is shifting across the state.
- Saleh Taghvaeian has an update on irrigation availability levels for Oklahoma.
- Derrell Peel says the drought picture over the next few weeks will impact cattle markets for the rest of the year.
- In Vet Scripts, Dr. Barry Whitworth says producers who own bulls should have them tested following February’s extreme freeze.
In Cow-Calf Corner, Mark Johnson explains why estrous synchronization makes it easier on the producer when it comes to calving season and marketing of the calves.
Finally, Kim Anderson says grain markets are in a weather market, and prices are reflecting it.
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Sunday at 6 a.m. on OETA-TV
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